Who we are
It may have become a cliché, but Flagstone really did begin over coffee across a kitchen table. In the midst of a global financial crisis and falling interest rates, two friends had a vision to revolutionise the cash deposit and savings market.
Crammed into a basement with a team of four – plus a disobedient Labrador, Rocky, we set out on our mission to upset the status quo, and create a better way for people to get better returns on their investment, while protecting their cash.
As the UK’s leading cash deposit platform, our goal is simple: To be the trusted protector of the UK's cash deposits.
To date we have placed more than £8bn in client assets and today, our award-winning, innovative and secure platform provides access to hundreds of accounts – including exclusive and market-leading interest rates –from up to 50 banking partners.
Our clients are individuals, business leaders, charities, entrepreneurs, and guardians of family wealth. By challenging the status quo, we empower our clients to not only protect their money, but to maximise its possibilities. We protect the art of the possible.
Meet Our Founders
Our leadership team are some of the brightest minds in fintech, banking and technology. Together with our partners, we aim to push the boundaries of what we can achieve.
Andrew Thatcher | Co-Founder and Executive Director
Andrew founded Flagstone in 2013 after a 15-year career in banking and hedge funds working for Merrill Lynch, Citigroup, GLG Partners (Principal, Co-Head of UK) and MAN Group (Executive Director, Asia) in the UK and Hong Kong. With significant experience across the financial sector, he has a successful and proven track record in managing and launching products for both banks and retail clients.
Simon Merchant | Co-Founder and CEO
Simon started his career with 10 years at Morgan Stanley as an investment banker in Europe and the United States. In 2000, he co-founded and built a market-leading financial technology business that sold to a US public company in 2005. Since then, Simon has worked as an entrepreneur and investor in the European media and technology market, as well as the private equity market in Africa.
We are supported by a number of leading financial and corporate organisations.
Meet Our Leadership Team
Supporting Andrew and Simon are an experienced senior leadership team
Malcolm Leach | Chief Technology Officer
Malcolm joined Flagstone in December 2018 and has over 30 years of experience of working within Technology and IT infrastructure. From starting successful software businesses to running IT operations for banks, Malcolm brings his track record of creating innovative new products, solving complex development and infrastructure challenges and transforming working environments as the foundation for the creation and delivery of outstanding technology.
Susanna Brown | Chief People Officer
Susanna joined Flagstone in April 2019 as the Chief People Officer, bringing a breadth of experience in high-growth environments. She is responsible for Flagstone’s People and Culture strategy, leading on engagement, diversity and talent management and leadership development. A strategic and commercially minded HR professional with a background in psychology and coaching, she shines the spotlight on and helps overcome one of businesses most complex challenges – people!
John Martin | Product Director
John is our product nerd.
Known to the team as Major Martin, he’s our go-to for delivering change at pace and his background in the army serves him (and us) well for this. He’s now weighing up his allegiances between England, Ireland and Scotland having been born in Scotland, but now giving orders from Ireland having recently relocated from London with his family.
We are trusted by leading Wealth Managers, including St. James’s Place, Tilney, Quilter Group and Coutts, plus many of the UK’s leading banks and building societies.
We are proud to have been recognised by our peers, our sector and our clients.